Most people have heard about ATM skimmers by now–devices designed to look like and replace an ATM’s card insertion slot. When an unsuspecting ATM user swipes his or her credit card through the fake dummy slot, the skimmer makes a digital copy of the ATM’s magnetic strip,  making it easy for thieves to use a victim’s credit card as they please.  However, a new twist on this scam not only copies your credit card information, but also captures your PIN numbers.

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bank_of_americaWe’ve seen one too many ATM scams pop up in the news over the course of the past year, but this latest scam is especially disturbing because it involves a bank employee. In Charlette, North Carolina a member of the IT Staff at a Bank of America branch ended up installing malware onto the bank’s ATM machines. It has been discovered that he used the malware to make fraudulent withdrawals over the course of a seven-month period.

Many suspect that Rodney Reed Caverly, 37, used malware code that originated in Russia and the Ukraine. The code which was discovered last year, was used in 20+ ATMs overseas, is designed to capture pins and bank card magstripe data, and it also allows thieves to instruct the machine to eject whatever cash still inside of it.

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atm-machine1ATM attacks seem to be on the rise according to a recent report released by the European Security agency, Enisa. The report shows a 149 percent increase in ATM attacks including 10,302 “skimming” incidents. What is more alarming is the fact that hackers are making moves towards attacking the server networks used by banks to connect the ATM’s to the bank-office systems, which could result in a widespread attack. They plan to install software on the ATM’s that would record the pin information of costumers.

Andrea Pirotti the Executive Director at Enisa said she hopes that the report will raise awareness of the alarming growth of ATM attacks. “ATM crime is likely to become even more attractive as the latest generation of ATMs is designed to dispense other services and products, such as phone top-ups and stamps.”  According to the reports from Enisa, “The thieves collect cad numbers and, if necessary, alter the PIN for the cards they are planning to use. The thieves then sell the cards and their data to other thieves.”

William Beer, the head of the security OneSecurity team at consultancy PricewaterhouseCoopers, argued that companies needed to wake up and realize that their ATM’s are becoming a much easier target. “Once upon a time they were running proprietary hardware and using operating systems and network protocols that were definitely not off-the-shelf, and these were difficult for the common criminal to replicate,” said Beer. “The fact that they’ve now moved to off-the-shelf hardware, standard operating systems and open network protocols makes the end game easier for the criminals – there needs to be a clearer recognition that these systems are vulnerable.”

It seems that with ATM attacks on the rise and bank security procedures becoming less and less effective, customers are going to have fewer places to safely store their money. The banking companies that are so concerned with keeping our business should spend some time increasing their security so fewer people start reverting to hiding their money under their mattresses.

(Via www.computing.co.uk)


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suspectsIn Virginia Beach authorities are investigating an ATM scam that has stolen the financial information of more than 25 people. The secret service, Virginia beach police, network news, and Richmond have all come together in order to stop these attacks from happening. The thieves, a man and woman, were seen on a bank security system placing a magnetic scanning device that would scan the information of any card used at the machine.

There has been at least one victim who has come forth and complained of receiving fraudulent charges. Officials have located an ATM skimming device at a Virginia Beach Wachovia Bank. According to Virginia beach officer Jim Barnes,  the police have discovered other skimming devices but were reluctant to reveal the number of devices found.

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atm-machineThe next time you go to get money out of the ATM machine, think again because you might be giving away your identity.

An attendee of the Defcon conference on cybersecurity, found a breach of security in the very hotel- The Riviera Hotel- the conference was being given: a fake ATM machine. A computer that was hidden inside the ATM was designed to scan debit cards when they are swiped through the machine, said officials who came to retrieve the suspicious machine.

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